Omantel posts 18% increase in Q1 net profit | Omantel posts 18% increase in Q1 net profit -
omantel

Omantel posts 18% increase in Q1 net profit

: Saturday, May 10 - 2014 @ 11:46

Oman Telecoms Co (Omantel) has said its first-quarter net profit rose 18.1% to OR34.4m, compared with OR29.1m in the same period a year earlier, Muscat Daily has reported. Revenue for the quarter were up 5% to OR120.2m from OR114.5m, Omantel said. The rise in net profit was the result of growth in the company’s operations, especially wholesale – which has jumped by 29%, it said. Group operating expenses fell 0.9% to OR83.1m from OR83.9m, due to several cost-optimisation initiatives carried out by the company, the firm said.

Today's Top Stories

Posted by

Saturday, May 10- 2014 @ 11:46 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

AME Info Services







Business DirectoryVIEW ALL

Search by name

Search by industry

Browse alphabetically





JobsVIEW ALL

Search for jobs

Latest Jobs